Easy HUD Software

Key Easy HUD Software Features

Purchase and Refinance Transactions

• Fully automated real estate closing software system. Enter information on HUD-1, HUD-1A settlement statements and the program automatically performs all calculations, completes HUD forms, tracks all disbursements and checks are ready to print.
• Export real estate closing transactions to Easy Trust software with just one click. Trust/escrow account bookkeeping tasks are also completed.
• Lender Statement generated automatically, listing gross amount of loan, loan disbursed and itemized list of all items deducted by the lender.
• Comprehensive City/County/School/Condominium/Sewer Tax Proration module - computes seller over/under paid amounts and transpose numbers to appropriate HUD-1 lines.
• Lender Statement generated automatically, listing gross amount of loan, loan disbursed and itemized list of all items deducted by the lender.
• Save all HUD forms in PDF or Word format (letter or legal size) including HUD settlement statements and email right from the program.
• Smart Itemization: RESPA Rule requires display of lump-sum charges (e.g. lender's origination, title and closing costs) instead of itemization. However, your customer would like to see detailed itemization. Easy HUD meets both of these requirements with Smart Itemization feature.
• Setoff Tracking: RESPA Rule requires GFE charges to be listed on borrower's column even if paid by seller or lender. Use Setoff Tracker to keep track of such charges and credit/debit on the first page of HUD-1 settlement statement.
• Supports up to 8 buyer names and 8 seller names.
• Flexible addendum page supports adding unlimited extra lines for 800/900/1100/1300 HUD Settlement Statement group.
• Auto calculates transfer taxes (Line 1203 to 1205) charges of HUD-1 for over 40 states. If your state isn't listed, call us and we'll add it in for you!
• All relevant line items have "NET" flag to indicate whether the lender pre-disbursed.
• Comprehensive 201 initial deposit box accounts for initial deposit given to brokers, seller or to settlement agent.
• Line 901 interest charges automatically prorated once a closing date has been set. Includes choice of setting to first of next month after closing or as of last date of the closing month.
• Optional Advanced printing options: print without total, print buyer or seller side HUD only.
• Optional signature and disclosure section on page 2 or a separate page 3.

GFE-HUD Comparison Sheet

• Automatically populate RESPA Final Rule added GFE-HUD comparison sheet, page 3 of HUD-1 or page 2 of HUD-1A Settlement Statement.
• User simply selects tolerance groups for certain "non-fixed tolerance" charges (for example: 1101 title charge), transpose GFE estimates for each line and any POC amounts.
• Computes 10% tolerance and displayed if there is a tolerance violation.
• Any change made to HUD settlement statement charges automatically updates the comparison sheet and tolerances computation.

Ledger Transactions

• Real Estate Closing Ledger (or money in-out sheet) that automatically retrieves deposits and disbursements from HUD-1 (purchase) or HUD-1A (refinance).
• Date, amount, payee/payor and memo are automatically filled in with extracted information from purchase/refinance HUD forms.
• Automatically adjusts for pre-disbursed items or earnest deposits held with brokers.
• Split or combine checks as needed. Mark certain transactions as "wire."
• Change information after extracting transactions without affecting HUD forms.
• Prints checks, numbered automatically or manually entered.
• Prints itemized ledger statement for closing.

1099-S Filing

• Virtually all required 1099-S information is automatically available from HUD-1. No need to re-enter or re-type 1099-S information on separate forms.
• Electronically file 1099-S as you close using Easy Soft's 1099-S filing service, rather than waiting till year-end.
• Once submitted and accepted, 1099-S filing service will immediately issue a confirmation number. All your IRS reporting requirements are then complete.
• Print a log of previously submitted 1099-S for your internal tracking.
• At year-end, 1099-S filing service will file ALL of your 1099-S with IRS and mail official copies to the seller.
• Exemption form can also be printed if 1099-S submission is not required for a closing.

Other Productivity Features

• Easy HUD is network ready. Your entire firm can open and save Easy HUD software files from a common folder location.
• Save partially filled HUD-1 (purchase) or HUD-1A (refinance) as templates for different lenders and title companies. Then, start a new HUD file based on an existing template, thus minimizing need to retype same information again.
• Leverage frequently used payee and other information in your contact database to save time.
• Default printer and paper type settings. Set once, all documents print on your choice of printer and paper size.

Technical Support

At Easy Soft, our goal is to make getting product technical help and training as uncomplicated as possible. From live phone support, weekly webinars and web-based training videos to our technical articles library and FAQs, you'll find a comprehensive range of choices to get the greatest benefit from your new legal software.